Hi.Are you referring to shares in your employer company that you will be able to buy under an Enterprise Management Scheme? When were you granted the options? When will you be able to exercise them?
Yes, it's an EMI scheme offered to senior executives only by my company, . Options were granted in July 2013, and can be exercised at any time in the event of a full sale or majority sale of the company's share capital, but (i believe) the Entrepreneur's relief on CGT only comes into play after 1 year, so that would have been July 2014. There is no current sale planned.
The company has (by the way) registered the scheme with HMRC and got approval of the valuations etc.
Everything appears to be done correctly, but i am just confused by the apparent need to declare in my s/a 2013-14.
Hope you can advise.
excellent, rapid advice. just what i needed.